Tax Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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Commercial Property news in brief
Manchester Evening NewsNovember 1, 2011

We saw significant interest in the property as a result a new lease was subsequently negotiated with MAX.” “Demand for serviced apartment accommodation has remained strong throughout the UK, and Manchester is no exception; the city is one of Europe's ...more »

Dispute delays revenue-sharing payouts
USA TodayNovember 1, 2011

The money involved is substantial because the league collected roughly $200 million (12.4% of each contract's face value) from players, and probably three-quarters of that money will be returned to players. Ten teams qualify for revenue sharing, ...more »

Tax Law News and Stories

Audit Defence
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IRS Auditing Capo for $37.5 Million Loan
Patch.comNovember 10, 2011

Lebs said the district has had its bridge-financing vehicle audited in the recent past, though he wasn't sure when. IRS spokesman Raphael Tulino would not comment for this story. "The law provides we don't offer any information about a specific file," ...more »

Irs Filing & Compliance
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Congress Questions the IRS About Delays in Its Oversight of Nonprofit Hospitals
New York TimesNovember 1, 2011

In particular, Mr. Boustany asked the IRS to explain its plans for monitoring the so-called community benefits that nonprofit hospitals provided. He also wanted the agency to outline how it would comply with requirements for filing annual reports to ...more »

Business Audit Defence
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Audit: Clinton schools' financial statements misleading
Utica Observer DispatchNovember 1, 2011

The goal, Elgren said, is to get the district's savings up to the four percent of total budget allowed by law. The district's 2011-12 budget is $22.6 million. “That's our annual goal, to get to that point. To get that picture of financial strength,” ...more »

Personal Irs Disputes
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Two Cain accusers may have news conference
UPI.comNovember 9, 2011

She now is a spokesperson for the IRS Inspector General. Kraushaar left the NRA after receiving a reported $45000 settlement. Cain has strongly denied any wrongdoing with Kraushaar or any of the other three women who have accused him of acting ...more »

Property Taxes
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Arriola Asks Senators to Vote Down Property Tax Hike Bill
Pacific News CenterNovember 3, 2011

Guam - (From the Governor's Office) A bill on the legislative session now will raise property taxes 1000%. If passed into law, a resident currently paying $300 in property taxes, for example, will start paying $3000 next year. ...more »

Corporate Income Taxes
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Who is responsible for registering you as a taxpayer? 1, 2011

The legislation should be the starting point of all things tax-related. Taxpayers are quick to respond to communications from the South African Revenue Service (Sars) without asking the question: In the terms of what section of the Income Tax Act am I ...more »

Sales Tax & Use Tax
[read all news] Reports Financial Results for the Third Quarter 2011
MarketWatch (press release)November 7, 2011

The Company ended the third quarter 2011 with $813000 in cash and $22.1 million in working capital with a zero debt balance. The Company believes that cash currently on hand and cash flows from operations will be sufficient sources of capital to ...more »

Estate Taxes & Gift Taxes
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City of Nowthen considers public safety tax increase
Minneapolis Star TribuneNovember 6, 2011

Once a city incorporates, however, under state law it has the responsibility to decide whether to cover law enforcement by contract with the sheriff, or create its own department. "Nowthen is the only community in all of Anoka County that does not ...more »

Tax Evasion Defence
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Ex-general, wife post bail over tax charges; hold order eyed
BusinessWorld Online EditionNovember 2, 2011

A FORMER military official and his wife slapped with tax evasion charges yesterday posted bail at the Court of Tax Appeals (CTA), even as they face a possible hold departure order. Former Maj. Gen. Jacinto C. Ligot and wife, Erlinda Yambao Ligot, ...more »

International Taxation
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A Small Tax Change Can Bring US Veterans Needed Jobs: View
BusinessWeekNovember 11, 2011

11 (Bloomberg) -- It's admittedly difficult to argue for jobs legislation that costs more than $1 billion, won't produce many new jobs and will clutter an overly complex tax code. Yet when it comes to veterans, it's the right thing to do. ...more »

Tax Planning
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Planning for personal tax risks
International Law OfficeNovember 3, 2011

For individuals who are investing in, or temporarily moving to, the United Kingdom, it is possible to eliminate or significantly reduce many of these tax risks by appropriate structuring. The most effective tax planning is usually done before an ...more »


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